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YUMA, AZ-An affiliate of Inland Real Estate Group of Cos. has paid $95.7 million for 496,224 sf of inline space in the Yuma Palms Regional Shopping Center. The one-million-sf lifestyle center, one of the region’s largest, is home to shadow anchors including Target, Kohl’s and Sam’s Club.

Inland picked up the 97%-leased center from its developers, WDP Partners LLC of Phoenix, Whitman Development LLC of Yuma and Dillard’s Inc. of Little Rock, AR. The center, completed two years ago at 16th Street and Pacific Avenue, fits Inland’s mold when it comes to retail assets, according to a company contact, who hinted that other assets are under contract.

“If you look at the asset and the lineup, it has large anchors that make the center strong,” Matthew Tice, Inland’s acquisitions coordinator, tells GlobeSt.com. “Yuma was a good asset in a good location and it just worked for us.”

Tice adds Yuma Palms is positioned in an area with increasingly desirable demographics, which boost retail. “This center is in an area of town where we’re seeing a lot of growth,” he says. “There are a lot of people moving out there from California and military bases in the area.”

Yuma Palms has a few pads available for development, but its developed space is practically full and there are not any lease expirations coming in the near future. “This is a fairly new center and most of the leases are good to go for awhile,” the Inland contact says.

Tenants include Best Buy, Sports Authority, PetsMart, Ross Dress for Less, Harkins Yuma Palms 14 Theatres, Linens ‘n Things, Marshall’s, Bath & Body Works and Cold Stone Creamery. Inland Continental Property Management Corp. will take over as property overseer from Westcor Partners, a subsidiary of the Macerich Co. The leasing assignment has yet to be determined. Christopher Hoffman, managing director with Eastdil Realty Co. LLC’s Santa Monica, CA office represented the seller.

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